Costing Methodologies and Cost Management Practices in China

Has the adoption of the 2006 Accounting System for Business Enterprises (ASBEs) by the People’s Republic of China resulted in the convergence of Chinese accounting standards with International Financial Reporting Standards (IFRS)?

This report presents the results of an IMA study with the assistance of the Ministry of Commerce of the People’s Republic of China to:

Compare international and Chinese accounting policies, procedures, and methods;

Examine both the regulations and the actual practices companies follow;

Evaluate the extent to which Chinese cost management systems are influenced by open market economy practices vs. more planned economy practices; and

Research Topic

Strategic Cost Management

This research area focuses on how organizations use strategic data analysis techniques to help choose among competing alternatives with the goal of achieving a sustainable competitive advantage. It also encompasses costing frameworks, methodologies and approaches.